Zzoomm has appointed Acuity Advisors to explore potential M&A targets, according to a report from Sky News.
Tue, 23/01/2024 - 09:34
Strategic Imperatives has merged with X3T to leverage the company’s wholesaling solution and financial backing.
The X3T platform is built for wholesale networks to facilitate simple integration for ISPs. It was established by investors Granahan McCourt Capital last year with backing from Asterion Industrial Partners, Oak Hill Advisors, Tetrad and Twin Point Capital.
The merger will provide a boost to Strategic Imperative’s Fibre Café solution, a SaaS platform enabling collaboration between altnets and ISPs and currently integrates over three million connections.
Wail Sabbagh, MD at Strategic Imperatives, said: “This merger supports our vision to make Fibre Café the leading unified interface to the UK’s fibre ecosystem and the gateway to a connected Britain.
“We will accelerate our continued investment and rollout with the financial backing and global expertise that this merger provides.”
David McCourt, Chairman of Granahan McCourt Capital and X3T, added: “As an investor, owner and operator, we know first-hand that the combined capabilities of X3T and Strategic Imperatives provides the blueprint for altnets and ISPs to scale.”
